Leasing Activities (Tables)

3 Months Ended

Mar. 31, 2012

Leasing Activities [Abstract]

Cross-Border Energy Lease Investments

	March 31, 2012			December 31, 2011
	(millions of dollars)
Scheduled lease payments to PHI, net of non-recourse debt	$	2,120		$	2,120
Less: Unearned and deferred income		(758	)		(771	)
Investment in finance leases held in trust		1,362			1,349
Less: Deferred income tax liabilities		(797	)		(793	)
Net investment in finance leases held in trust	$	565		$	556

Income Recognized From Cross-Border Energy Lease Investments

	Three Months Ended March  31,
	2012		2011
	(millions of dollars)
Pre-tax income from PHI's cross-border energy lease investments (included in Other Revenue)	$	13	$	14
Income tax expense		1		4
Net income from PHI's cross-border energy lease investments	$	12	$	10

Net Investment In Leases By The Published Credit Ratings

Lessee Rating (a)	March 31, 2012		December 31, 2011
	(millions of dollars)
Rated Entities
AA/Aa and above	$	746	$	737
A		616		612
Total	$	1,362	$	1,349

(a) Excludes the credit ratings associated with collateral posted by the lessees in these transactions.